Bank Of Baku

Azerbaijani oil is trading above $118

Azerbaijani oil is trading above $118
# 06 May 2026 10:01 (UTC +04:00)

The price of Azerbaijani Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil fell by $1.12 or 0.94% to $118.56.

Note that the previous price of Azerbaijani oil stood at $119.68.

Recall that the average price of one barrel of Azerbaijani Azeri Light crude oil was calculated at $65 in Azerbaijan’s state budget for this year.

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